The economy of Jamaica expanded 2 percent year-on-year in the fourth quarter, following a 2 percent growth for the previous quarter, supported mainly by manufacturing (2 percent vs -0.4 percent in Q3); agriculture (3.1 percent vs unchanged); food, beverages & tobacco (2 percent vs unchanged); wholesale & retail trade (1.6 percent vs 0.9 percent); hotels & restaurants (2.8 percent vs 2.1 percent); transport storage & communication (1.9 percent vs 1.4 percent); finance & insurance services (0.8 percent vs 0.7 percent); and real estate (0.7 percent vs 0.6 percent). On a seasonally adjusted quarterly basis, the economy contracted 0.8 percent. GDP Annual Growth Rate in Jamaica averaged 0.55 percent from 1997 until 2018, reaching an all time high of 4.30 percent in the fourth quarter of 2006 and a record low of -4.60 percent in the second quarter of 2009.

GDP Annual Growth Rate in Jamaica is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Jamaica to stand at 2.20 in 12 months time. In the long-term, the Jamaica GDP Annual Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

Jamaica GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-06 11:00 PM GDP Growth Rate YoY 1.4% 1.2% 1.7%
2018-09-28 11:15 PM GDP Growth Rate YoY 2.2% 1.4% 1.7%
2018-12-28 07:30 PM GDP Growth Rate YoY 1.8% 2.2% 2.0%
2019-03-29 09:00 PM GDP Growth Rate YoY 2% 1.9% 2.1%
2019-07-05 11:00 PM GDP Growth Rate YoY 2% 2%
2019-09-27 11:15 PM GDP Growth Rate YoY 1.7%
2019-12-27 06:00 PM GDP Growth Rate YoY 1.9%


Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.80 1.30 2.60 -2.50 percent [+]
GDP Annual Growth Rate 2.00 1.90 4.30 -4.60 percent [+]
GDP 14.77 14.06 14.80 0.70 USD Billion [+]
GDP per capita 4798.21 4790.04 5368.25 3466.48 USD [+]
GDP per capita PPP 8193.60 8179.60 8680.90 7285.70 USD [+]
GDP Constant Prices 196812.00 189927.00 196812.00 163584.00 USD Million [+]
GDP From Agriculture 13258.00 12449.00 15745.00 7631.00 USD Million [+]
GDP From Construction 13652.00 12766.00 18118.00 11454.00 USD Million [+]
GDP From Manufacturing 16741.00 16860.00 23548.00 14664.00 USD Million [+]
GDP From Mining 5411.00 5723.00 8526.00 3161.00 USD Million [+]
GDP From Public Administration 23712.00 25614.00 25935.00 22427.00 USD Million [+]
GDP From Services 34694.00 31779.00 36733.00 30200.00 USD Million [+]
GDP From Transport 21344.00 21179.00 23461.00 13697.00 USD Million [+]
GDP From Utilities 6002.00 6209.00 6618.00 4158.00 USD Million [+]


Jamaica GDP Annual Growth Rate

Jamaica, is a small island nation situated in a strategic position near the Panama Canal, and one of the slowest growing economy in the Caribbean. Services, with tourism employing 10 percent of the population, is the most important sector of the economy and accounts for around 60 percent of GDP. This page provides - Jamaica GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.90 4.30 -4.60 1997 - 2018 percent Quarterly
NSA




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.18 Dec/18
Saudi Arabia 3.60 Dec/18
South Korea 3.10 Dec/18
United States 3.00 Dec/18
Russia 2.70 Dec/18
Australia 2.30 Dec/18
Spain 2.30 Dec/18
Netherlands 2.20 Dec/18
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
United Kingdom 1.40 Dec/18
Singapore 1.30 Mar/19
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 1.00 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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